Why the rich are not the job creators

[steff bugielski]

http://www.geekwire.com/2012/controv...k-taxing-rich/

[where I want to]

Well- I know that the poor create lots of jobs- social workers, police, grant writers, non-profit employees, etc.

[Ambereyes]

[Yvonne's hubby]

I have held a few jobs over the years.... but I dont recall every being hired by any poor folks.

[Old Vet]

Why with all the pour folks around where are the jobs. They are hording money so that they can be pour without offering a job to anybody.

[pmondo]

Originally Posted by Yvonne's hubby

I have held a few jobs over the years.... but I dont recall every being hired by any poor folks.

I never got a job from a poor person all 49 years I have worked

[plowjockey]

BEE ESS.

Venture Capitalists and other "rich people", certainly do "create jobs", when they take the risk and put up the money, to form new businesses, usually rather large in scope.

Joe Bob might start his own roofing business with his pickup truck, hoping to make money and eventually hire a couple of roofers, but they are doing the exact same, at only a much larger scale.

If they did not put up the money and risk, there would be no business, to hire any employees.

The guy is just looking for attention.

[mmoetc]

But they don't always take the risk. Part of the reason for the slow economy now. Too much money sitting on the sidelines. Steve Jobs advocated taking greater risk and increasing r and d during economic downtimes as the costs were less. Wish more saw it his way. Largest corps and those investors working in mergers and acquisitions also tend not to create jobs. If I'm merging another business into my own I am more likely to get rid of redundant jobs before expanding new hiring. The rich sometimes do create jobs but the act of being rich doesn't guarantee they will.

I've never worked for anyone I would consider truly rich. I have worked for some who became more than comfortable through hard work.

[Steve L.]

Originally Posted by steff bugielski

http://www.geekwire.com/2012/controv...k-taxing-rich/

Read some of it. Looks like a 'chicken or egg' argument, to me.

[mmoetc]

Read it- what ultimately creates jobs is increased demand for goods or services. Even the rich don't build widgets for the sake of building widgets. They build them to sell them at a profit.

[zant]

Hey,I'm going to ask the homeless bum on the corner begging....can I have a job-Stef said you were hiring...I'll get back to you on when I start

[Sawmill Jim]

Originally Posted by zant

Hey,I'm going to ask the homeless bum on the corner begging....can I have a job-Stef said you were hiring...I'll get back to you on when I start

If you don't have to join the union put in a word for me at least for part time

[CesumPec]

Stef, if you aren't happy with the amount of jobs that rich people are creating, why don't you join with your poor friends and create a big manufacturing plant that will offer great wages, union jobs, extensive benefits, and products that will be in high enough demand that Americans will pay the bills?

Quit complaining and just do it.

[pancho]

One thing I learned when I was young.
Some people talk a good talk and some people do the work.
People have all kinds of ideas about what would help make jobs. They never do the work, just talk the talk.
We have too many people who talk. We need more people who will do the work.

[Bearfootfarm]

Read it- what ultimately creates jobs is increased demand for goods or services

LOL
Demand doesn't "create jobs"
INVESTORS create jobs to MEET demands.

You can WANT (demand) something forever but until someone puts up the MONEY to create the jobs to produce it, you will be out of luck

[poppy]

Originally Posted by mmoetc

But they don't always take the risk. Part of the reason for the slow economy now. Too much money sitting on the sidelines. Steve Jobs advocated taking greater risk and increasing r and d during economic downtimes as the costs were less. Wish more saw it his way. Largest corps and those investors working in mergers and acquisitions also tend not to create jobs. If I'm merging another business into my own I am more likely to get rid of redundant jobs before expanding new hiring. The rich sometimes do create jobs but the act of being rich doesn't guarantee they will.

I've never worked for anyone I would consider truly rich. I have worked for some who became more than comfortable through hard work.

There are risks and there are foolish risks. Those guys aren't stupid. Would you invest in a new coal mine today with Obama in office? Government policy certainly plays a role in how high some risks are.

[Harry Chickpea]

I was hired by a poor person - ME. I created my own job. I've also worked for others and made them richer. Got tired of it and that rat race.

[watcher]

Originally Posted by mmoetc

But they don't always take the risk. Part of the reason for the slow economy now. Too much money sitting on the sidelines. Steve Jobs advocated taking greater risk and increasing r and d during economic downtimes as the costs were less. Wish more saw it his way. Largest corps and those investors working in mergers and acquisitions also tend not to create jobs. If I'm merging another business into my own I am more likely to get rid of redundant jobs before expanding new hiring. The rich sometimes do create jobs but the act of being rich doesn't guarantee they will.


The reason all that money is sitting around is because people with it know if they invest and it makes more they will just lose it to the government.


I've never worked for anyone I would consider truly rich. I have worked for some who became more than comfortable through hard work.

Maybe because you are either not providing a service they want or need or you just don't know the right people to get hired by them.

I helped a buddy out in his plumbing business. He called me one night and told me to wear 'nice' clothes and shoes that are easily removable to work the next day. He wouldn't tell me why only that I'd find out. Got to work drove off in the trucks and drove and drove and drove. Then we came to this huge gate drove through it and up to what I found out later was the "main" house. The bathroom we were working in was bigger than my livingroom. It had a shower stall you could have washed a draft horse in and a bathtub that looked like a training pool for Olympic swimmers. And this wasn't even the master bathroom. I found out later the toilet we were hired to fix cost almost $2,000 1990 dollars! After we got back I asked how in the world did he get that job, it was 50 miles from his shop. He said it was one of those he did a job for someone who told someone who told someone who told this guy about him.

I used to have a friend who did custom mill work on "summer homes". Think John Kerry, John Edwards and Ted Kennedy type summer homes. He offered a service which no one else in the area offered.

[Roadking]

Dang, these threads are getting old and predictably boring. So few laughs anymore.

Matt

PS, I want those 2 minutes of my life back...LOL!
Get a job, make a job, figure it out, or stop using straw men to justify your failed beliefs. Sheeeesh!

[watcher]

Originally Posted by pancho

One thing I learned when I was young.
Some people talk a good talk and some people do the work.
People have all kinds of ideas about what would help make jobs. They never do the work, just talk the talk.
We have too many people who talk. We need more people who will do the work.

We had a saying when I was in college. Those who can, do. Those who can't, teach. Those who can't do either go into politics.